(doing form 1065 and K-1s) specifically Partnership Schedule K worksheet Line 14a Calculating Self-Employment Earnings
On the above said worksheet my LLC shows ordinary business income/loss (for a General Partner) on 1a as negative amount (-104) (i.e. the amount of income with expenses subtracted)
Ok good so far, then on a sub-delineation suffix of line 4 it correctly shows the special allocation (guaranteed) pmt of 68. Then it says combine the specified lines so (-104) + 68 = (-36).
OK great that shows me where the (-36) came from on the K-1 in Box 14 code A.
But where does the 67 value for Box 14 code C come from ?
I.e. the schedule K-1 form Box 14 has,
A (-36)
C 67
If it helps, my ordinary income for the LLC was 135. It's main income is passive. I don't see any worksheet where this 67 was ?
